The major driver for the aspiration and biopsy needles market is the increasing incidence of cancer around the world. Around 12.7 million new cancers were diagnosed in 2008, according to the World Health Organization (WHO), and this number is expected to cross 21.4 million by 2030. Among cancers, those of the lungs, breasts, liver, stomach, colon, and rectum are the deadliest.

Thus, with the rising number of people falling victim to the disease and the significance of early diagnosis for effective treatment, the global aspiration and biopsy needles market is growing. Witnessing a 7.2% CAGR during 2020–2030 (forecast period), the industry revenue is expected surge from $801.5 million in 2019 to $1,717.9 million by 2030.

Core needle held the larger revenue share in 2019, as this type of biopsy makes the differentiation between invasive and in situ breast cancer easier. Additionally, the identification of harmless lesions also becomes more efficient with core-needle biopsies.

Breast biopsy held the largest value share in the industry during the historical period (2014–2019), as the incidence of breast cancer is rapidly escalating around the world. Additionally, currently, most cases in low- and middle-income countries are detected at later stages, thus raising the demand for early diagnosis.

Asia-Pacific (APAC) is predicted to display the highest CAGR, of 8.3%, during the forecast period. This quick growth of the aspiration and biopsy needles market in the region is attributed to the increasing prevalence of cancer here. As per the 2017 Global Burden of Disease report published by the WHO, East Asia accounted for 28.9% of the cancer deaths across the world that year.

The major companies operating in the global aspiration and biopsy needles market are Olympus Corporation, Stryker Corporation, Boston Scientific Corporation, Argon Medical Devices Inc., Becton, Dickinson and Company, Medtronic plc, CONMED Corporation, Merit Medial System Inc., Sterylab s.r.l., Cook Medical LLC, and Cardinal Health Inc.

Browse Full Report Aspiration and Biopsy Needles Market  Statistics

This study covers

• Major factors driving the market and their impact during the short, medium, and long terms
• Market restraints and their impact during the short, medium, and long terms
• Recent trends and evolving opportunities for the market participants
• Historical and the present size of the market segments and understand their comparative future potential
• Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings
• Competitive scenario of various market segments across key countries in several regions for uncovering market opportunities for the stakeholders
• Major players operating in the market and their service offerings